2285 NE 172nd St - Apartments FOR SALE


North Miami Beach, FL 33160- Fulford Bythe Sea
$3,600,000 USD
305-926-6991
2285 NE 172nd St, North Miami Beach, FL for Sale
$3,600,000 USD
Apartments - FOR SALE
1/5
null | 6.93% Cap Rate

2285 NE 172nd St
North Miami Beach, FL 33160
Fulford Bythe Sea


HIGHLIGHTS

  • Fully occupied 16-unit apartment building with a strong rental history.
  • Unit mix includes 14 one-bedroom units and two two-bedroom units, offering diverse tenant appeal.
  • Amenities include a swimming pool, on-site laundry facilities, and private balconies.
  • Located minutes from Aventura, Sunny Isles, and major retail and dining destinations.
  • Convenient access to I-95 and public transportation for easy regional connectivity.
  • Renovated in 2020, enhancing property condition and tenant experience.

OVERVIEW

This 16-unit multifamily property in North Miami Beach presents a compelling investment opportunity with a listed price of $3,600,000 and a 6.93% capitalization rate. The property consists of 14 spacious one-bedroom units and two two-bedroom units, all situated on a large corner lot. Recent renovations enhance the building’s appeal, while amenities such as a swimming pool, on-site laundry facilities, and balconies add to tenant satisfaction. The location offers exceptional connectivity and convenience. Positioned minutes from Aventura, Sunny Isles, and Eastern Shores, the property benefits from proximity to major retail, dining, and entertainment destinations. Easy access to I-95 ensures strong regional connectivity, while nearby public transportation options support tenant mobility. The surrounding neighborhood is a high-demand residential area, contributing to consistent occupancy and rental demand. With its combination of stable income, desirable location, and updated features, this asset is well-suited for investors seeking long-term value in a thriving South Florida market.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

16

PRICE/UNIT

$225,000

CAP RATE

6.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

3800

APN/PARCEL ID

07-2209-005-0490

ASK ABOUT THIS PROPERTY

Albert ZunigaBeachfront Realty, IncMore Info
305-926-6991

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Albert ZunigaBeachfront Realty, IncMore Info
305-926-6991

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.